(DuPont), Croda International PLC., Sasol Limited, The Phillips 66 Company, Bel-Ray Company LLC., Morris Lubricants Limited and Penrite Oil Company Ltd., Petroliam Nasional Berhad (Petronas), DuPont de Nemours, Inc. Royal Dutch Shell PLC, ExxonMobil Corporation, BP International Limited, Chevron Corporation, Total S.A., Sinopec Group, The PJSC Lukoil Oil Company, Indian Oil Corporation Ltd., The Fuchs Group, Idemitsu Kosan Co. Our report has categorized the market based on compressor type, base oil, application and end use industry.Ĭompressor Type, Base Oil, Application, End Use Industry, RegionĪsia Pacific, Europe, North America, Latin America, Middle East and Africa IMARC Group provides an analysis of the key trends in each sub-segment of the global compressor oil market, along with forecasts at the global and regional level from 2022-2027.
Other factors such as increasing investments in research and development (R&D) activities to develop improved product variants, such as environment-friendly compressor oil, are also favoring the growth of the market. Furthermore, significant growth in the heating, ventilation, and air conditioning (HVAC) industry along with the establishment of cold chain facilities, particularly in the developing regions, is also augmenting the demand for compressor oil. This subsequently leads to reduced wear and tear of the compressor and aids in its smooth operation, thereby helping manufacturers to avoid high repair costs. Compressor oil assists in heat dissipation and maintaining the temperature of the compressor. The need for cost optimization is one of the key factors driving the market growth. To get more information about this market, Request Sample With cost- and energy-saving properties, it finds extensive applications in various industries ranging from construction, general manufacturing, mining, power generation, chemical and petrochemical, etc. The type of base oil used, such as synthetic, mineral, semi-synthetic and bio-based, determines the quality and longevity of the compressor oil. It is manufactured using a combination of base oil and various other additives. Compressor oil also has exceptional oxidation stability and leaves a low carbon residue that reduces the operation and maintenance costs for the user. It ensures the proper functioning of the metal components and improves machinery performance with its anti-rust properties. These insights are included in the report as a major market contributor.Ĭompressor oil is a lubricant used for reducing heat and cooling down the compressors in air conditioning and refrigeration systems.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. Looking forward, IMARC Group expects the market to reach US$ 7.92 Billion by 2027, exhibiting at a CAGR of 4.18% during 2022-2027. The global compressor oil market reached a value of US$ 6.11 Billion in 2021.
0 kommentar(er)
